T. Rowe Price Beats Analysts’ Expectations


Mar. 9 2018, Updated 12:10 p.m. ET

Beats earnings projections

T. Rowe Price (TROW) posted EPS (earnings per share) of $1.52 in 4Q17, beating analysts’ expectation of $1.46. According to the company, its AUM (assets under management) were boosted in 4Q17 and 2017 by client activities, strong markets, and investment performance.

T. Rowe Price plans to maintain its focus on strategic priorities. The company has added to the priorities and clients have responded positively.

Article continues below advertisement

Revenue estimates exceeded

T. Rowe Price generated revenue of $1.3 billion in 4Q17, beating analysts’ estimate by $20 million. On December 31, 2017, the company’s total AUM stood at $991.1 billion.

In 4Q17, T. Rowe Price witnessed net cash inflow of $3.7 billion after client transfers. The company’s US mutual funds saw net cash outflow of $2.2 billion, while other investment products witnessed net cash inflow of $5.9 billion after client transfers.

Whereas T. Rowe Price has a last-12-month dividend yield of 2%, peers (XLF) BlackRock (BLK), Franklin Resources (BEN), and Financial Engines (FNGN) have yields of 1.8%, 2.0%, and 0.81%, respectively. In this series, we’ll look at T. Rowe Price’s outlook on emerging and global markets, 4Q17 numbers, AUM, valuation, analyst ratings, and future strategies.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.